COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) ofthe 1970 constitution ofthe State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the property at 1015-1025 W. Addison Street is owned by CP Newport Beach Limited Partnership, an Illinois limited partnership and David B. Dahl as Trustee of the Stephen A. Schultz Family Trust I dated October 1, 1990; the property at 1027-1029 W. Addison Street is owned by CP Newport Beach Limited Partnership, an Illinois limited partnership; the property at 1033-1041 W. Addison is owned by Jose Luis Resendiz, Jr.; the property at 3546-3558 N. Sheffield Avenue is owned by 117 LLC, an Illinois limited liability company; the property at 3535-3539 N. Clark Street is owned by Midway Holdings L.L.C., an Illinois limited liability company; and the property at 3541-3551 N. Clark Street is owned by Chicago Title Land Trust Company Trust 119125, an Illinois corporation; (Cumulatively and subsequently known as "The Adjacent Owners"); and
WHEREAS, the Adjacent Owners propose to use the portion of the alleys to be vacated herein for the construction of an eight (8) story, mixed use building containing 148 dwelling units and 169,000 square feet of commercial space; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent ofthe public use and the public interest to be subserved is such as to warrant the vacation of part of public alleys, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
DEDICATION PARCEL A
THE SOUTH 5.00 FEET OF LOTS 26 AND 27 LYING EAST OF THE EAST LINE OF LOT 8 EXTENDED NORTH ALL IN WEAGE AND HYDES SUBDIVISION OF LOT 1 IN ASSESSOR'S DIVISION OF THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER OF ...
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